The market traded lopsided Tuesday but advanced overall. Just past 10:30 the 4 pm ET close, the $S&P 500 Index (.SPX.US)$ fell 0.5%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.5%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 1.28%.
In macroeconomic news, consumer sentiment numbers from CB came in at 100.3 vs 99.7 expected. Last month, they reported 97.8. JOLTs job opening numbers also came out at 8.184M vs 8.020M expected. Last month, JOLTS reported 8.230M.
This week, all eyes are on the FOMC, due to report its current strategy for competing inflation on Wednesday. The futures market shows investors are pricing in a rate cut in September after the PCE data released Friday showed a slight dip month over month in price inflation.
Investors can watch for PMI data on Thursday and Nonfarm monthly payroll employment data on Friday.
Investors are also watching major earnings this week from four of the final magnificent seven companies- the largest stocks in the world.
$Microsoft (MSFT.US)$ and $Advanced Micro Devices (AMD.US)$ will arrive on Tuesday, $Meta Platforms (META.US)$ on Wednesday, and $Apple (AAPL.US)$ and $Amazon (AMZN.US)$ on Thursday, alongside a host of other $100B+ market cap giants.
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